Economist: Trump Needs to Resolve the Strait Issue Quickly to Reassure the Fed

Odaily News Brian Jacobsen, Chief Economist at Annex Wealth Management, said the inflation data meeting expectations does not mean it is a good report. He added that the overall inflation data does not show much evidence that the rise in energy commodities is seeping into core prices. Whether through force or a ceasefire, the clock is ticking loudly on opening the Strait of Hormuz. The Fed will not speculate on when this will happen, so US President Trump needs to provide them with certainty before the Fed meeting. (Jin Shi)